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JPMorgan Board's Abject Failure of Oversight

Raymond J. Learsy | Posted 05.23.2013 | Business
Raymond J. Learsy

In a classic example of crony board behavior, in spite of the grossly embarrassing Senate hearings highlighting massive fissures in JP Morgan's trading oversight and management, the Board of Directors said on Friday they would continue to support Mr. Jamie Dimon as BOTH the bank's Chairman and Chief Executive.